Charles Muchoki | Africa Guardian AfDB and World Bank Forge Unprecedented Alliance for Africa’s Energy TransformationIn a landmark collaboration, the African Development Bank (AfDB) and the World Bank, alongside global partners, have launched Mission 300—a bold initiative to connect 300 million Africans to electricity by 2030. Speaking at the Africa Energy Summit in Dar es Salaam, Tanzania, experts emphasized…
Elizabeth Antidius Shumbusho | Africa Guardian The OPEC Fund for International Development (the OPEC Fund) has announced its commitment to the “Mission 300” initiative, with an initial pledge of US$1 billion and the potential to contribute an additional US$1 billion after evaluating progress and demand in 2027. Mission 300, launched by the World Bank Group (WBG) and the African…
Our Correspondent | Africa Guardian On Monday, several African nations pledged to open their electricity sectors to investment, with the goal of providing power to 300 million people currently without access over the next six years. Africa has the highest number of people without electricity globally, and the continent is urgently working toward connecting homes by 2030 through the…
Charles Muchoki | Africa Guardian Tanzania is hosting the Africa Heads of State Energy Summit in Dar es Salaam, marking a critical step toward addressing the continent’s pressing energy challenges. Speaking at the summit’s opening on Monday, Deputy Prime Minister and Minister for Energy, Dr. Doto Mashaka Biteko, emphasized the importance of the Mission 300 initiative, which aims to…
Edson Baraukwa | Africa Guardian Akinwumi Adesina, President of the African Development Bank (AfDB), has highlighted Africa’s pressing housing deficit, stating that the continent requires 56 million new homes to address the growing demand. Speaking about Africa’s challenges and opportunities, Adesina emphasized the continent’s potential to attract significant global investment. Investment Opportunities Amid Challenges Adesina noted that while Africa’s…
Elizabeth Antidius Shumbusho | Africa Guardian In the fast-paced realm of technology, history often reminds us that innovations evolve far beyond their original designs. Take the N95 mask, which transitioned from industrial equipment to a global health essential during the Covid-19 pandemic. This adaptability mirrors the potential of Africa’s civic tech landscape to address urgent societal challenges—if supported by…
Charles Muchoki | Africa Guardian The African Development Bank (AfDB) (www.AfDB.org) proudly celebrates 60 years of advancing economic and social transformation across Africa. The Southern Africa regional celebration, held in Johannesburg, gathered leaders, stakeholders, and partners to honor the institution’s milestones and reaffirm its commitment to a prosperous future for the continent. In her keynote address, Ms. Leila Farah…
By Edson Baraukwa | Africa Guardian The global climate conference, COP29, opens this Monday in Baku, Azerbaijan, with African nations intensifying efforts to combat climate change. The African Development Bank (AfDB) is leading this charge by advocating for more climate financing for Africa and introducing innovative approaches to account for Africa’s “green wealth” in national economies. Following COP28’s historic…
By Edson Baraukwa | Africa Guardian Tanzania’s President Samia Suluhu Hassan is set to officiate the Forum on China-Africa Cooperation (FOCAC) scheduled to take place in Beijing from September 4-6, 2024. She will join fellow African heads of state and government leaders for this significant event. The announcement was made by Tanzania’s Minister for Foreign Affairs and East African…
In response to the Declaration, President Ruto and the Bank Chief recognised Africa’s youth as the biggest asset for Africa and the whole world, praising their dynamism and innovation. Hundreds of young people from across Africa are demanding a significant role in decision making for climate action. Youth leaders, entrepreneurs and policymakers presented the Africa Youth Climate Assembly Declaration…
Liberia’s President George Manneh Weah has lauded the African Development Bank for its “significant” support in fostering growth and development in the West African country. In a message conveyed by Liberia’s Ambassador to Côte d’Ivoire Willye Mai King, President Weah thanked the Bank Group, led by Dr. Akinwumi Adesina, for providing critical support to Liberia, including funding the pavement…
More than $ 2 billion have been deployed by African Development Bank Group (AfDB) and other donors this year to support green electricity startups in Nigeria and the rest of Africa. In February, AfDB approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralised renewable energy in six…